#ETH🔥🔥🔥🔥🔥🔥
Ethereum dominance battle: Will there be a turnaround in 2025?
At the beginning of this year, Ethereum's dominance was about 16.96%. By the end of February, it hit a year-to-date high of 19.28%. But the good times didn't last long, and it plummeted to a low of 15.42% in mid-May. Just when everyone was expecting the launch of the Ethereum spot ETF to bring a turnaround, it did rebound to a peak of 18.8% in mid-June.
However, after the launch of the ETF, Ethereum's dominance has steadily declined by about 5.42%. Now, the most concerned question is: Will Ethereum usher in a turnaround in 2025?
Bitcoin's brilliance overshadows Ethereum and altcoins
This year, the Bitcoin market has performed well, with an increase of more than 115.76%. At the beginning of the year, Bitcoin's dominance was about 51.58%, and now it has risen to 58.71%, although its dominance fell from a yearly high of 61.19% to a low of 55.11% between November 20 and December 7.
In contrast, although Ethereum rose from 12.11% to 13.5% during this period, it has fallen sharply by at least 1.09% since December 7.
It is worth mentioning that the growth rate of the altcoin market this year has also reached 65.18%, but Ethereum's growth rate is only 40.96%.
This is enough to show that Bitcoin has performed much better than altcoins and Ethereum this year.
ETF funds flow in, Ethereum dominance is still declining
Reports show that Ethereum's dominance has been declining since the launch of the Ethereum ETF in mid-2024. Despite billions of dollars of funds flowing into ETFs, it has not had much impact on Ethereum's price.
Looking at the current situation, traders are not as confident as before that Ethereum will rise sharply. Moreover, there is no strong factor that can drive Ethereum's price to rebound.
In 2025, can Ethereum bulls have hope?
Experts suggest that Ethereum bulls wait patiently until strong signs of support for cryptocurrencies appear next year.
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